CCP issues notices to urea makers
The Competition Commission of Pakistan (CCP) has issued show-cause notices to the Fertiliser Manufacturers of Pakistan Advisory Council (FMPAC) and six leading fertililiser companies for allegedly fixing urea prices, a prima facie violation of Section 4 of the Competition Act 2010. Urea prices play a crucial role in determining the prices of essential food commodities. Any arbitrary increase in urea prices by fertiliser companies can lead to higher costs for farmers, ultimately resulting in more expensive food prices for consumers. CCP’s inquiry found that FMPAC and its six-member firms, including Engro Fertilisers Ltd, Fauji Fertiliser Company Ltd, Fatima Fertiliser Company Ltd, Fauji Fertiliser Bin Qasim Ltd, Agritech Ltd and Fatima Fertiliser Ltd of prima facie violating the competition law.